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Former Hellenic Postbank CEO released on bail

Former Hellenic Postbank CEO released on bail

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ATHENS, Greece — The former head of a Greek bank at the center of a criminal investigation was released on bail Monday after a court appearance to answer questions over allegedly unsecured loans that prosecutors say resulted in losses of 500 million euros for the bank.

Angelos Filippidis, Hellenic Postbank's CEO from 2007 to 2010, was ordered to pay 2 million euros ($2.73 million) in bail and banned from leaving the country. He was also ordered to appear regularly at his local police station.